RNS Number:7300L
Debenhams PLC
30 May 2003





Full Company Name:     DEBENHAMS PLC

Date: 30 May 2003



NOTIFICATION OF INTERESTS OF DIRECTORS

The Company has been notified today that the Debenhams No.1 Employee Share
Ownership Trust ("No.1 ESOP"), a discretionary trust established to facilitate
the operation of the Company's share schemes has today transferred 806 ordinary
shares in the Company at nil cost per share in order to satisfy an option
granted under the Company's Long Term Incentive Plan.

By virtue of being members of the class of potential beneficiaries under the
Trust (together with all other eligible employees of the Debenhams group of
companies), each of the Executive Directors is now interested in the 13,453,302
shares held in the No.1 ESOP.

For further information contact:

John Hodges - 020 7408 3181

Name of authorised company official responsible for making this notification:

John Hodges - Deputy Company Secretary

Debenhams plc. Registered in England and Wales. Company no. 3430071

Registered Office: 1 Welbeck Street, London W1G 0AA


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